Saudi Insurance Companies Have Extended Their Vehicle Insurance Policy For Two Months

Riyadh - Saudi Insurance Companies Have Extended Their Vehicle Insurance Policy For Two Months Free Of Charge. Companies Have Extended The Insurance Period Of Individuals-owned Vehicles. Third Party Insurance Policies And Comprehensive Insurance Policies Have Been Extended For Two Months.

Badr Al-anazi, The Executive Committee Of The Insurance Companies Executive Committee, Said That All The Policies Purchased Between May 8 And June 6 Will Receive An Additional Two Months. In An Attempt To Mitigate The Effects Of The Corona Crisis, The Insurance Policy For Individual-owned Vehicles Is Extended By Two Months And Allowed For A Period Of Two Months During The Term Of The Newly Purchased Policies.

Customers Do Not Need To Communicate With Insurance Companies To Obtain An Additional Term And To Extend The Term. Insurance Companies Have Also Decided Not To Cancel The Policies Of Customers Who Delay The Payment Of Insurance Policies. This Is To Give Users The Option To Pay The Policy Installments Later.

Dr. Ahmad Al-qaulifi, Governor Of The Saudi Arabian Monetary Agency (Sama), Praised The Insurance Companies' Plan To Extend The Insurance Policy Of The Privately Owned Vehicles For Two Months And To Give Them A Two-month Extension On Their Newly Purchased Policies. The Governor Said The Relief Plans Announced By The Insurance Companies Were Part Of The Government's Efforts To Mitigate The Effects Of The Corona Crisis.

The Decision By Insurance Companies To Extend Auto Insurance Policies By Two Months And To Extend The Deadline By Two Months On Newly Purchased Policies Will Be A Relief To Millions, Including Saudis And Foreigners.

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